Rampant inflation to put public services under ‘visible strain’ unless government ramps up spending August 10, 2022 Rampant inflation is putting the NHS and other public services “under considerable, and visible, strain,” top economic experts have warned today. Government departments and local councils are set to struggle to provide services to taxpayers due to swelling costs eating up their budgets. Higher inflation will erode more than 40 per cent of announced funding [...]
Intel adds pressure onto UK government over lack of computer chip strategy August 10, 2022 Intel has applied pressure on the government to get its semiconductor strategy published, as the UK continues to miss out on inward investment. The US passed a $52bn subsidy package to computer chipmakers just last month, following the European Union’s €45bn cash pot announced in January – leaving the UK’s lack of domestic policy frustrating [...]
Used car market shrinks due to knock-on impact on new vehicles August 10, 2022 The UK used car market has shrunk by almost 19 per cent in the second quarter of this year due to the knock-on impact of semiconductor shortages on new vehicles. According to data published today by the Society of Motor Manufacturers and Traders (SMMT), 1.7 million second-hand transactions have taken place – down by 407,820 [...]
Heavy losses could spur move to private for SoftBank, analysts say August 9, 2022 Hefty losses in the portfolio of Japanese investment giant SoftBank could push its chief Masayoshi Son to delist the firm via a management buyout, analysts have suggested.
Criminal Bar Association opens ballot on plans to escalate barristers’ strike August 9, 2022 CRIMINAL barristers are set to vote on plans to intensify their ongoing strikes by running uninterrupted strikes indefinitely. The Criminal Bar Association (CBA) will ballot its members over plans to call off its current bi-weekly strike actions and run a continuous strike from 5 September onwards. “It has become clear that a significant proportion [...]
Johnson ‘certain’ next PM will give autumn cost of living help August 9, 2022 Boris Johnson has said he is “certain” the next Prime Minister will provide cost of living help this autumn and claimed the UK has “the fiscal firepower and the headroom to continue to look after people”. Johnson today said during a ceremony in the Downing Street garden that extra help is “absolutely vital” now that [...]
Kistos and Serica walk away from proposed mega-merger August 9, 2022 Both companies have ruled out a final bid for the other, bringing an end to a series of bids between both parties since May.
Government urged to offer more support for households to tackle spiralling energy bills August 9, 2022 The Government is under pressure to offer more support to households as soon as possible, following forecasts of record energy bills.
Royal Mail workers announce four-day strike August 9, 2022 Royal Mail workers have announced they will strike four times over the coming weeks in a dispute over salaries. The Communication Workers Union (CWU) said that more than 115,000 postal workers will walk out on 26 and 31 August as well as 8 and 9 September. The decision came on the heels of last month’s [...]
Soft earnings weigh on London’s FTSE 100 as IWG slumps 12 per cent August 9, 2022 Weak results from the UK’s largest companies amid the quieter summer period weighed on market sentiment in the City today. The capital’s premier FTSE 100 index squeezed out a small gain of 0.08 per cent to close at 7,488.15 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of [...]
